Fannie Mae will pay $2.8B to Treasury after profit

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Fannie Mae produced net income of $4.64 billion, up 26% from the same quarter a year ago, and Freddie Mac earned $4.17 billion, a sharp increase from last year’s $1.36 billion.

 · Fannie Mae and Freddie Mac, the country’s two dominant mortgage giants, will get to keep $3 billion in capital in an agreement reached by the U.S. Treasury.

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 · Eventually the handout turned into a handsome profit for the U.S. government. So far, Fannie Mae has paid $167.3 billion and Freddie Mac has paid $112.4 billion.

Fannie Mae and Freddie Mac say they will pay a combined $5.6 billion in dividends to the government this fall, a 60% drop from a year ago when their profits got a larger boost from special gains..

Fannie Mae | Home. Fannie Mae reports net income of $4.5 billion and comprehensive income of $4.5 billion for second quarter 2018 Read more in our news release, Form 10-Q, and quarterly financial supplement. driving progress through partnership We’re focused on our industry partners so they can focus on helping more home buyers and renters.

NEW YORK ( TheStreet) — Freddie Mac ( FMCC) on Wednesday posted a $4.6 billion profit for the first quarter of 2013, its second largest ever, on the back of a recovering housing market, improving.

Fannie Mae, the US’s biggest mortgage finance company, said on Thursday it will pay $US59.4 billion ($59.06 billion) in dividends to the US Treasury after a record profit in the first quarter that.

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Fannie Mae’s sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it would pay the Treasury a $4.5 billion dividend next month after its profit.

WASHINGTON –The U.S. Department of the Treasury today announced a set of modifications to the preferred stock purchase agreements (PSPAs) between the Treasury Department and the Federal housing finance agency (fhfa) as conservator of Fannie Mae and Freddie Mac (the Government Sponsored Enterprises or GSEs) that will help expedite the wind down of Fannie Mae and Freddie Mac, make sure that.

WASHINGTON (AP) — Mortgage giant Fannie Mae earned $8.7 billion in the July through. Washington-based Fannie said it will pay a dividend of $8.6 billion to the U.S. Treasury next month, bringing.